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AASB 110 Refers to Subsequent Events That Relate to New

Question 18

Multiple Choice

AASB 110 refers to subsequent events that relate to new matters that have arisen after balance date. Which of the following occurrences after balance date is not an example of a new event?


A) becoming a party to a legal action
B) a major fire or flood loss
C) substantial borrowings or share issues
D) specific information on the size of a bad debt that had previously been considered doubtful

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